Lundin Gold Inc. (TSE:LUG) Senior Officer Sells C$237,321.50 in Stock

Lundin Gold Inc. (TSE:LUG) Senior Officer Chester See sold 5,800 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of C$40.92, for a total transaction of C$237,321.50.

Lundin Gold Price Performance

LUG stock opened at C$39.86 on Monday. The company has a fifty day moving average price of C$35.50 and a two-hundred day moving average price of C$32.39. The stock has a market cap of C$6.80 billion, a price-to-earnings ratio of 22.37 and a beta of 1.23. Lundin Gold Inc. has a one year low of C$15.40 and a one year high of C$41.74.

Lundin Gold Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 26th will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date of this dividend is Tuesday, March 11th. This is a boost from Lundin Gold’s previous quarterly dividend of $0.20. Lundin Gold’s payout ratio is presently 60.06%.

Wall Street Analyst Weigh In

LUG has been the subject of several recent analyst reports. TD Securities increased their price objective on Lundin Gold from C$40.00 to C$46.00 and gave the company a “buy” rating in a report on Thursday. Jefferies Financial Group downgraded Lundin Gold from a “buy” rating to a “hold” rating and cut their price objective for the company from C$37.00 to C$36.00 in a report on Wednesday, December 11th. Desjardins increased their price objective on Lundin Gold from C$38.00 to C$42.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Royal Bank of Canada increased their price objective on Lundin Gold from C$31.00 to C$35.00 and gave the company a “sector perform” rating in a report on Tuesday, February 11th. Finally, CIBC increased their price objective on Lundin Gold from C$34.00 to C$41.00 in a report on Monday, December 2nd. Seven analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$35.18.

Lundin Gold Company Profile

Lundin Gold Inc operates as a mining company in Canada. The company holds interests in 28 metallic mineral concessions and three construction material concessions covering an area of approximately 64,454 hectares located in Southeast Ecuador. It primary holds 100% interests in the Fruta del Norte gold project that comprising seven concessions covering an area of approximately 5,566 hectares located near the city of Loja in Ecuador.